China CNR Corp. led gains in shares of Chinese companies that build and supply equipment for railways on speculation they will win contracts for the construction of Thailand’s high-speed train system. China CNR produces passenger cars and wagons.
Thai Prime Minister Yingluck Shinawatra told reporters on Oct. 11 after meeting with Chinese Premier Li Keqiang in Bangkok that Chinese train companies had expressed interest in developing the southeastern Asian nation’s high-speed train system. China and Thailand signed six initial agreements during Li’s visit last week covering cooperation in technology, energy, environment and culture.
The first phase of Thailand’s high-speed train system includes total investment of 400 billion baht ($12.8 billion). China, Japan, South Korea and France expressed interest in bidding for contracts to build the network. The Thailand high speed rail system will have a budget of about $75 billion.
If you liked this article, please give it a quick review on ycombinator or StumbleUpon. Thanks
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.